Corporate Information System And Management Case Solution And Analysis, HBR Case Study Solution & Analysis of Harvard Case Studies

Corporate Information System And Management Case Study Help

Future Employment Expectation

In addition to this, Humans analysis and decision making would be replaced as digital platforms are becoming more powerful. Human employment and wages may be reduced and 4-6 million robots would be increased by 2025.(Daron Acemoglu, 2017)According to the estimation of McKinsey, more than 800 million jobs will be lost globally due to increased automation by 2030(Park, 2018) resulting in an increased unemployment rate. Blockchain has reduced the work of Middlemen in exchanging the value due to direct peer-to-peer transactions. With increased technological demands, all such kinds of middlemen could become obsolete. Decentralization work systems manage all of the information systems without the requirementof supervisors, managers, and subordinates. Because AI and robots will help theorganizations in collecting and analyzingthe complex situations of the businesses so there would be no need of hiring employees that work for achieving the organizational strategic goals. (Gibbons, 2019)

Due to technological advancement, a high unemployment rateis also expected because technology will reduce the use of human analysis and decision-making. With the rising pressures of high-tech systems, organizations would prefer to outsource first tech-people for a short period of time so that they can achieve technical aspects in their organizations quickly. Another implication is that the number of hackers would increase with the increase in the internet-connected systems,which would lead to concerns associated withprivacy, security and cyber net in the future.

Social implications of the unknown future technology

The unknown future technology tends to represent some social implications such as an increase in the unemployment rate both domestically and internationally, hackers and hacking incidents. Industry 4.0 concept leads to the automatizationof everything by utilizing the technology of robots, drones, artificial intelligence and Blockchainbut this advancement has its own negative aspect that should be considered. Additionally, the use of advanced technological approaches would significantlylead to rational and superior optimization of resources and timein terms of building the ecosystem – a smart city.

Conclusion

Based on the review of the probability of future changes in the business environment, the industry dynamics are expected to completely change the way how business is done. This is primarily supported by thetransformation of the global environment into the digital oneand increased investments tend to revolutionize the lives of individuals by making it more comfortable. Although such transformations have significantly eased daily activities but have badly influenced the lifestyle of the individual such as lack of physical activities, social interactions, and others.............................

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